Parsvnath Developers Limited has submitted the Exchange a copy of Srutinizers report of Extraordinary General Meeting held on Jun 27, 2025 along with a copy of minutes.
PARSVNATH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Parsvnath Developers held an Extra-Ordinary General Meeting on June 27, 2025, where all 4 resolutions were passed. Resolution 1 was an ordinary resolution to appoint Mr. Ramesh Chand Gupta as Independent Director, which received 99.97% support. Resolutions 2, 3, and 4 were special resolutions approving remuneration for Mr. Pradeep Kumar Jain (Chairman), Mr. Sanjeev Kumar Jain (MD & CEO), and Mr. Rajeev Jain (Director - Marketing) as Whole-Time Directors, each receiving over 99.96% support. Promoter shareholders voted 100% in favour of all resolutions, while public non-institutional shareholders were nearly split — roughly 47–49% in favour and 51–52% against the remuneration resolutions. The scrutinizer was Ashok Tyagi of VKC & Associates. Total valid votes polled ranged between ~18 crore and ~21.8 crore shares across resolutions, out of 43.52 crore outstanding shares.
Routine governance filings: an independent director joins the board and three whole-time directors (all from the Jain family) get their remuneration approved. Notably, public shareholders were almost evenly divided on the remuneration approvals (~50-50), which signals mild public dissent on promoter family payouts, though the resolutions sailed through due to near-100% promoter backing.